COMPANY REPORT

BMRI
BANK MANDIRI (PERSERO) TBK.

Company Profile
TheGovernmentofIndonesiaestablishedBankMandiri(BankMandiriortheBank)on
October 2nd, 1998 as part of Indonesias banking restructuring program. On July 1999,
another 4 (four) banks; Bank Bumi Daya, Bank Dagang Negara, Bank Ekspor Impor
Indonesia and Bank Pembangunan Indonesia were merged to Bank Mandiri. Today, Bank
MandiriisthebiggestbankinIndonesiaaccordingtoitsassetandservesbigcontribution
toIndonesiaeconomy.

BankMandirisheadofficeislocatedatPlazaMandiri,Jln.JenderalGatotSubrotoKav.36
38,Jakarta12190.

As of June 30th, 2011, Bank Mandiri has 12 regional offices, 66 area offices, 924 branch
offices, 214 Mandiri Mitra Usaha branches and 238 cash outlets. Bank Mandiri has 4
oversea offices located in Caymand Island, Singapore, Hong Kong and Timor Leste also 1
representative office in Shanghai RRC. As June 30th, 2011, the Bank has 25,327
employees.

Bank Mandiri has direct and indirect ownership in subsidiaries: Bank Mandiri (Europe)
Limited, PT Bank Syariah Mandiri, PT Usaha Gedung Bank Dagang Negara, PT Mandiri
Sekuritas,PTBumiDayaPlaza,PTBankSinarHarapanBali,PTMandiriTunasFinanceand
PTAXAMandiriFinancialServices.

August 2011
Disclaimer:
The facts and opinions stated or expressed in this publication are for information purposes only and are not necessarily and must not be relied upon as being those of the
publisher or of the institutions for which the contributing authors work. Although every care has been taken to ensure the accuracy of the information contained within the
publication it should not be by any person relied upon as the basis for taking any action or making any decision. The Indonesia Stock Exchange cannot be held liable or
otherwise responsible in anyway for any advice action taken or decision made on the basis of the facts and opinions stated or expressed or stated within this publication.

Bank Mandiri (Persero) Tbk.

BMRI

COMPANY REPORT : JULY 2011

As of 29 July 2011
Individual Index
:
663.733
23,099,999,999
Listed Shares
:
Market Capitalization : 181,334,999,992,150

Main Board
Industry Sector : Finance (8)
Industry Sub Sector : Bank (81)
COMPANY HISTORY
Established Date

: 02-Oct-1998

Listing Date

: 14-Jul-2003

Under Writer IPO :

SHAREHOLDERS (July 2011)

DIVIDEND ANNOUNCEMENT

PT Danareksa Sekuritas (affiliated)

PT ABN AMRO Asia Securities Indonesia

14,000,000,000 : 60.00%

1. Negara Republik Indonesia

Year

Bonus
Shares

Cash
Devidend

Cum
Date

Ex
Date

Recording
Date

Payment
Date F/I

2003

50.00

16-Dec-03

17-Dec-03

19-Dec-03

30-Dec-03

PT Datindo Entrycom

2003

115.00

11-Jun-04

14-Jun-04

16-Jun-04

30-Jun-04 F

Wisma Sudirman - Puri Datindo

2004

60.00

16-Dec-04

17-Dec-04

21-Dec-04

30-Dec-04

Jln. Jend. Sudirman Kav. 34 - 35, Jakarta 10220

2005

70.50

13-Jun-05

14-Jun-05

16-Jun-05

24-Jun-05

Phone : 570-9009

2005

14.85

14-Jun-06

15-Jun-06

19-Jun-06

30-Jun-06 F

Fax

2006

70.02

19-Jun-07

20-Jun-07

22-Jun-07

29-Jun-07 F

2007

186.00

19-Jun-08

20-Jun-08

24-Jun-08

03-Jul-08 F

2008

88.55

26-May-09 27-May-09 29-May-09

12-Jun-09 F

Securities Administration Bureau :

: 570-9026

BOARD OF COMMISSIONERS
1. Edwin Gerungan *)
2. Cahyana Ahmadjayadi
3. Gunarni Soeworo *)
4. Krisna Wijaya *)
5. Mahmuddin Yasin
6. Muchayat
7. Pradjoto *)
*) Independent Commissioners

I
I

2009

19.26

02-Dec-09

03-Dec-09

07-Dec-09

22-Dec-09

2010

19.64

21-Dec-10

22-Dec-10

27-Dec-10

30-Dec-10

2010

120.60

15-Jun-11

16-Jun-11

20-Jun-11

30-Jun-11 F

ISSUED HISTORY
Type of Listing
1. First Issue
2. Company Listing

Listing
Date

2,900,000,000

14-Jul-03

16,900,000,000 T:
598,938,831 T:

14-Jul-03 :
26-Jul-04 :

Trading
Date
14-Jul-03
30-Dec-03
09-Jan-07

BOARD OF DIRECTORS
1. Zulkifli Zaini

4. Partial delisting 1 %

-9,955,000

06-Dec-05

06-Dec-05

2. Abdul Rachman
3. Budi Gunadi Sadikin

5. MSOP Conversion I & II

32,316,636 T:
10,547,213 T:

11-Dec-06 :
21-Mar-07 :

15-Dec-06

6. MSOP Conversion I

4. Fransisca Nelwan Mok

5. Kresno Sediarsi
6. Ogi Prastomiyono
7. Pahala Nugraha Mansury
8. Riswinandi
9. Roykee Tumilaar
10. Sentos A. Sentausa
11. Sunarso
AUDIT COMMITTEE
1. Gunarni Soeworo
2. Imam Sukarno
3. Krisna Widjaya
4. Mahmuddin Yasin
5. Zulkifli Zaelani
CORPORATE SECRETARY
Sukoriyanto Saputro
ADDRESS
Plaza Mandiri
Jln. Jend. Gatot Subroto Kav. 36-38, Jakarta 12190
Phone : (021) 526-5045, 526-5095, 5291-3321
Fax

: (021) 527-4477, 527-5577, 526-3460

Homepage : www.bankmandiri.co.id
Email

: sukoriyanto.saputro@bankmandiri.co.id

3. MSOP Conversion

Shares

7. MSOP Conversion I, II & III

105,564,065 T:

8. MSOP Conversion I & III

129,311,724 T:

9. MSOP Conversion II & III

18,668,220 T:

10. MSOP Conversion III

86,224,280 T:

11. MSOP Conversion II & III

14,834,648 T:

12. MSOP Conversion II

13. HMETD

44,125
2,313,505,257

16-Jul-08

10-May-07 : 02-Jun-08
14-May-07 : 28-May-08
14-Nov-07 :
19-Nov-07 :

18-Dec-07
16-Dec-10

17-Dec-08 : 19-May-10
02-Jun-10
02-Jun-10
02-Mar-11

02-Mar-11

Bank Mandiri (Persero) Tbk.

Volume
(Mill. Sh)

8,750

350

7,500

300

6,250

250

5,000

200

3,750

150

2,500

100

1,250

50

Jan 07

Jan 08

Jan 09

Jan 10

Jan 11

CHANGE OF CLOSING PRICE

FINANCE INDEX AND JAKARTA COMPOSITE INDEX
JANUARY 2007 - JULY 2011
180%

180%

150%

150%

Jakarta Composite Index

Finance Index
Closing Price

120%

120%

90%

90%

60%

60%

30%

30%

-30%

-60%
Jan 07

-30%

-60%
Jan 08

SHARES TRADED

Jan 09

Jan 10

Jan 11

2007
17,757
55,784
308,998
246

2008
10,620
27,774
274,325
240

2009
9,725
31,737
321,250
241

2010
7,071
39,889
298,295
245

Jul-11
8,688
54,113
293,650
144

Price (Rupiah)
High
Low
Close
Close*

4,050
2,150
3,500
3,500

3,550
1,140
2,025
2,025

5,300
1,680
4,700
4,700

7,250
4,150
6,500
6,500

8,150
5,350
7,850
7,850

PER (X)
PER Industry (X)
PBV (X)

16.76
14.03
2.49

7.97
16.77
1.39

16.00
13.41
2.98

14.81
24.41
3.29

14.06
13.59
3.24

Volume (Million Shares)

Value (Billion Rp)
Frequency (X)
Days

* Adjusted price after corporate action

TRADING ACTIVITIES
Closing Price
Month
High
Low Close
Jan-07
Feb-07
Mar-07
Apr-07
May-07
Jun-07
Jul-07
Aug-07
Sep-07
Oct-07
Nov-07
Dec-07
Jan-00
Jan-08
Feb-08
Mar-08
Apr-08
May-08
Jun-08
Jul-08
Aug-08
Sep-08
Oct-08
Nov-08
Dec-08
Jan-00
Jan-09
Feb-09
Mar-09
Apr-09
M 09
May-09
Jun-09
Jul-09
Aug-09
Sep-09
Oct-09
Nov-09
Dec-09
Jan-00
Jan-10
Feb-10
Mar-10
Apr-10
May-10
Jun-10
Jul-10
Aug-10
Sep-10
Oct-10
Nov-10
Dec-10
Jan-00
Jan-11
Feb-11
Mar-11
Apr-11
May-11
Jun-11
Jul-11
Aug-11
Sep-11
Oct-11
Nov-11
Dec-11

Freq.
(X)

Volume
Value
(Thou. Sh) (Million Rp)

Day

CLOSING PRICE* AND TRADING VOLUME

BANK MANDIRI (PERSERO) TBK.
JANUARY 2007 - JULY 2011

Closing
Price*

BMRI

2,950
2,625
2,575
3,325
3,350
3,300
3,800
3,475
3,625
4,050
3,900
3,775

2,350
2,150
2,200
2,475
2,975
3,025
3,125
2,625
3,075
3,425
3,250
3,225

2,575
2,325
2,500
3,075
3,250
3,125
3,525
3,250
3,525
3,775
3,550
3,500

25,489
16,327
20,090
36,010
24,743
10,647
33,827
28,238
17,204
25,926
47,595
22,902

1,441,729
926,563
1,535,451
2,303,466
1,308,453
727,677
2,613,091
1,757,350
917,132
1,326,297
2,084,021
815,911

3,838,791
2,281,075
3,722,829
6,795,383
4,139,776
2,297,428
9,102,457
5,426,036
3,052,159
4,998,925
7,249,983
2,878,871

22
20
21
20
21
20
22
22
20
20
22
16

3,550
3,475
3,275
3,225
3,125
2,925
3,050
3,150
2,925
2,550
2,050
2,250

2,550
3,175
2,750
2,700
2,700
2,575
2,625
2,650
1,975
1,140
1,240
1,380

3,325
3,275
3,150
2,875
2,900
2,600
2,975
2,825
2,650
1,560
1,490
2,025

29,390
19,251
17,690
24,013
24,281
17,199
20,565
14,886
20,685
24,290
32,594
29,481

1,229,720
727,296
797,525
1,509,961
786,093
586,232
824,226
475,685
817,692
978,899
1,113,153
773,745

3,851,363
2,421,750
2,462,575
4,322,017
2,296,718
1,612,775
2,319,450
1,387,538
2,135,986
1,866,701
1,650,789
1,445,874

20
19
18
22
20
21
22
20
21
18
20
19

2,275
1,830
2,275
2,875
3 075
3,075
3,750
4,275
4,325
4,950
5,300
4,950
4,725

1,770
1,690
1,680
2,125
2 425
2,425
2,950
3,125
3,700
3,875
4,275
4,300
4,375

1,820
1,740
2,175
2,775
2 975
2,975
3,175
4,175
4,100
4,700
4,675
4,450
4,700

27,237
21,122
22,419
24,070
32 666
32,666
27,987
32,870
26,890
21,965
33,583
29,095
21,346

707,802
550,201
626,843
861,950
1 432 983
1,432,983
1,074,816
1,434,042
746,982
570,387
721,303
553,859
444,244

1,404,263
973,311
1,225,277
2,070,471
4 024 000
4,024,000
3,546,545
4,961,881
2,984,296
2,523,506
3,428,875
2,569,779
2,024,891

19
20
20
20
20
22
21
20
18
22
20
19

4,950
4,725
5,650
5,800
5,850
6,100
6,300
6,100
7,000
7,200
7,250
6,900

4,500
4,150
4,400
4,950
4,700
5,100
5,600
5,450
5,800
6,600
6,350
6,100

4,675
4,475
5,350
5,800
5,350
6,000
6,000
5,900
7,200
7,000
6,400
6,500

22,719
20,417
26,160
28,179
27,917
22,274
23,214
22,731
26,623
27,983
22,119
27,959

491,391
535,563
798,081
1,028,306
770,414
581,387
509,689
441,460
500,635
539,179
374,801
499,676

2,332,239
2,390,152
3,951,369
5,408,909
4,037,840
3,297,928
3,041,572
2,596,339
3,241,511
3,698,200
2,610,067
3,283,238

20
19
22
21
19
22
22
21
17
21
21
20

6,900
6,250
6,800
7,250
7,350
7,250
8,150

5,350
5,350
5,700
6,550
6,800
6,700
7,150

5,950
5,800
6,800
7,150
7,200
7,200
7,850

59,751
44,183
53,774
36,842
31,537
32,742
34,821

1,408,041 8,314,520 21
2,993,290 16,377,961 18
1,286,491 7,886,597 23
775,150 5,336,328 20
804,177 5,712,250 21
542,273 3,787,371 20
878,996 6,697,558 21

Bank Mandiri (Persero) Tbk.

BMRI

Financial Data and Ratios

Public Accountant : Tanudiredja, Wibisana & Rekan (Member of PricewaterhouseCoopers Global Network)
BALANCE SHEET

Dec-2007

Dec-2008

Dec-2009

Dec-2010

Jun-2011

5,909,369

8,388,974

8,867,881

9,521,713

8,775,688

TOTAL ASSETS AND LIABILITIES

(Million Rp except Par Value)

Cash on Hand

(Billion Rupiah)
475,000

Placements with Other Banks 16,833,324 29,404,818 41,402,410 28,914,035 29,509,435

Marketable Securities

27,316,553 24,624,847 18,153,392 27,247,529 96,417,942

Loans

125,488,384 162,637,788 184,690,704 232,545,259 261,541,005

Investment

124,905

158,173

186,848

7,218,361

8,206,965

Fixed Assets

4,531,577

4,603,560

4,963,306

5,527,000

5,722,889

Other Assets

5,160,533

5,394,134

3,812,265

5,384,797

9,527,371

Total Assets

Book End : December

319,085,590 358,438,678 394,616,604 449,774,551 474,929,415

Growth (%)

12.33%

10.09%

13.98%

5.59%

Assets

Liabilities

380,000
285,000
190,000
95,000
-

Deposits
Taxes Payable

252,765,364 296,830,166 330,336,908 369,842,016 374,795,795

1,280,398

3,174,500

Fund Borrowings

9,345,061

Other Liabilities

9,624,031

Total Liabilities

1,408,798

506,074

9,371,508

3,944,356

5,634,838

5,081,660

7,993,368

9,132,586 10,338,954 14,964,820

2007

6,346

13.13%

9.58%

13.47%

2.60%

28,069

189,494

527,228

Authorized Capital

16,000,000 16,000,000 16,000,000 16,000,000 16,000,000

Paid up Capital

10,374,776 10,452,824 10,485,058 10,498,247 11,666,667

Par Value
Retained Earnings
Total Equity

20,750

20,906

20,970

20,996

23,333

500

500

500

500

500

Total Interest Income

8,904,837 13,179,144 17,858,633 24,442,177 27,582,400

4.34%

Jun-11

56,610
56,610

41,543

45,288

35,109
29,244
29 244

,
30,514

2007

2008

22,644

11,322

Dec-2007

Dec-2008

15.06%
Dec-2009

18.33%
Dec-2010

36.27%

14.24%

19.25%

2009

32,599

Other Operating Revenue

3,160,206

Other Operating Expenses

Income from Operations

5,484,363

7,738,342

8,432,817

6,113,702

8,208,077

9,379,761 10,009,867 12,074,973

6,760,014

6,212,917

7,910,442 10,434,478 13,742,020

8,422,546

Growth (%)

4,653,007

Jun-11

TOTAL REVENUES (Billion Rupiah)

4.09%

11,142,628 12,051,637 15,821,849 14,413,041

2010

Jun-2011

23,928,549 27,336,237 32,598,964 33,931,650 18,121,231

Growth (%)
Interest Expenses

2010

29,243,732 30,513,869 35,108,769 41,542,808 56,609,770

Growth (%)
INCOME STATEMENTS

2009

TOTAL EQUITY (Billion Rupiah)

33,966

Paid up Capital (Shares)

2008

289,835,512 327,896,740 359,318,341 407,704,515 418,319,645

Growth (%)
Minority Interest

1,855,829

27.32%

31.91%

31.70%

158,118

389,596

230,142

79,359

33,932

33,932

27,336
27,145

23,929
18,121

20,359

13,573

Non-Operating Revenues

120,466

Income Before Tax

6,333,383

8,068,560 10,824,074 13,972,162

8,501,905

Provision for Income Tax

1,985,892

2,753,244

3,625,586

4,602,936

1,987,667

-1,267

-2,495

-43,024

-150,928

4,346,224

5,312,821

7,155,464

9,218,298

6,514,238

22.24%

34.68%

28.83%

Dec-2007

Dec-2008

Dec-2009

Dec-2010

Jun-2011

186.00

88.55

19.26

140.24

Minority Interest
Net Income
Growth (%)

6,786

2007

2008

2009

2010

Jun-11

NET INCOME (Billion Rupiah)

RATIOS
Dividend (Rp)

209.46

254.13

341.22

439.04

279.18

BV (Rp)

EPS (Rp)

1,409.37

1,459.60

1,674.23

1,978.56

2,426.13

DAR (X)

0.91

0.91

0.91

0.91

0.88

DER(X)

9.91

10.75

10.23

9.81

7.39

ROA (%)

1.98

2.25

2.74

3.11

1.79
15.02

9,218
9,218

7,155
,

6,514

7,375

5,313
5,531

ROE (%)

21.66

26.44

30.83

33.63

OPM (%)

25.96

28.94

32.01

40.50

46.48

NPM (%)

18.16

19.44

21.95

27.17

35.95

Payout Ratio (%)

88.80

34.84

5.65

31.94

5.31

4.37

0.41

2.16

Yield (%)

4,346
3,687

1,844

2007

2008

2009

2010

Jun-11